This property looks like a bad Long-Term investment with a projected -5.71% first-year return on $38,913 initial cash invested.
-5.71%
Cash On Cash
5.83%
Cap Rate
0.88
DSCR
$1,245
Rent
-$185
Cashflow
Cash Flow
$1,245 income − $1,430 expenses = $185 out of pocket
Investment Breakdown
|
Purchase Price
$185k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$38,913
Downpayment
20%
$37,060
Closing costs
1%
$1,853
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,245
Total Expenses
$1,430
Mortgage P&I
82%
$1,024
Property Taxes
1%
$13
Home Insurance
6%
$70
HOA
0%
$0
Property Management
10%
$124
CapEx
5%
$62
Vacancy
6%
$75
Maintenance
5%
$62
Other
0%
$0